Director/PDMR Shareholding

Pan African Resources PLC

(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)

AIM Code: PAF

JSE Code: PAN

ISIN: GB0004300496

("Pan African" or the “Company”)

DEALINGS IN SECURITIES

The Company was notified on 23 March 2016 of the following dealings in respect of the Company’s ordinary shares:

Name of director/executive:                               Casper Strydom

Company of which he is a director:                    Managing Director of Barberton Mines Pty Ltd, a major subsidiary of the Company

Date of transaction:                                           22 March 2016

Nature of transaction:                                        Purchase of shares

Class of security:                                              Ordinary shares

Number of ordinary shares:                                750,000

Price per ordinary share:                                    ZAR2.70

Value of transaction:                                         ZAR2,025,000

Nature of interest of executive:                          Beneficial

On-market or off-market:                                   On-market

Clearance given in terms of Paragraph 3.66:       Yes

Holding following transaction:                            754,000

Johannesburg

23 March 2016

JSE Sponsor
One Capital

CONTACT INFORMATION

Corporate Office

The Firs Office Building

1st Floor, Office 101

Cnr. Cradock and Biermann Avenues

Rosebank, Johannesburg

South Africa

Office: [phone]

Facsimile: [phone]

Registered Office

Suite 31

Second Floor

107 Cheapside

London

EC2V 6DN

United Kingdom

Office: [phone]

Facsimile: [phone]

Cobus Loots                                                         Deon Louw

Pan African Resources PLC                                   Pan African Resources PLC

Chief Executive Officer                                          Financial Director

Office: [phone]                                     Office: [phone]

Phil Dexter                                                            John Prior / Paul Gillam / James Black

St James's Corporate Services Limited                   Numis Securities Limited

Company Secretary                                               Nominated Adviser & Joint Broker

Office: [phone]                                   Office: [phone]

Sholto Simpson                                                    Matthew Armitt / Ross Allister

One Capital                                                           Peel Hunt LLP

JSE Sponsor                                                        Joint Broker

Office: [phone]                                     Office: [phone]

Julian Gwillim                                                        Daniel Thöle/ Richard Crowley/ Aarti Iyer

Aprio Strategic Communications                            Bell Pottinger PR

Public & Investor Relations SA                                              Public & Investor Relations UK

Office: [phone]                                     Office: [phone]

www.panafricanresources.com